CHRYSLER TAKEOVER BID REJECTED

Monday, Apr. 24, 1995
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Chrysler's board of directors today formally rejected the$22.8 billion bid by corporate investor Kirk Kerkorian to buy the company,saying the unsolicited offer was disruptive and not in the best interests of shareholders. In today's trading, Chrysler's stock was down half a point to $44 5/8, well below the $55-a-share proposed takeover price. Chrysler also announced that it will use excess cash to increase the dividend or buy back shares, moves that could help shareholders.